GBP/USD has broken above the 50, 100, and 200
Simple Moving Averages -- another bullish sign.
Not only is 1.51 looking like very stubborn support, but the daily timeframe points to the GBPUSD strictly abiding to its
Simple Moving Averages (SMA).
It comprises a customisable set of more than 60 equity derived data fields such as Average Daily Volume,
Simple Moving Averages, Alpha, Beta, and R-squared.
Most popular linear dependencies are
simple moving averages, exponential moving averages and linear regression.
Moreover, the currency pair continues trading below the 50, 100, and 200
Simple Moving Averages.
Momentum on the four-hour chart has turned negative and EUR/USD continues trading below the 50, 100, and 200
Simple Moving Averages -- bearish signs.
GBP/USD also enjoys upside momentum and holds above the 50 and 100
Simple Moving Averages. It is capped only by the 200 SMA.
Momentum is marginally positive, but the currency pair is trading below the 100 and 200
Simple Moving Averages. All in all, the picture is mixed.
The upside may be more appealing as momentum on the four-hour chart remains to the upside and EUR/USD trades above the 50 and 100
Simple Moving Averages.
EUR/USD is enjoying upside momentum on the four-hour chart and trades above the 50 and 100
Simple Moving Averages -- bullish signs.
GBP/USD is trading within a downtrend channel in the past few days and it remains below the 50, 100, and 200
Simple Moving Averages. On the other hand, downside momentum is waning.
Momentum remains to the downside and the pair is trading significantly below the 50, 100, and 200
Simple Moving Averages.
